ROIC Balance Sheet

Financials in millions KWD. Fiscal year is January - December.

Millions KWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	2.3	2.18	1.35	4.93	3.84	5.49
Trading Asset Securities	4.18	4.18	4.69	4.69	8.7	9.05
Cash & Short-Term Investments	6.49	6.36	6.03	9.62	12.53	14.54
Cash Growth	-0.72%	5.46%	-37.33%	-23.22%	-13.79%	-34.80%
Accounts Receivable	22.42	11.82	12.16	11.99	12.9	16.65
Other Receivables	-	1.25	1.21	3.41	3.18	3.55
Receivables	22.42	13.07	13.38	15.4	16.08	20.2
Inventory	26.4	25.53	22.91	20.2	23.27	28.63
Prepaid Expenses	-	4.72	4.78	3.81	4.28	4.84
Other Current Assets	-	4.67	5.61	5.12	3.84	2.92
Total Current Assets	55.31	54.35	52.71	54.16	60	71.12
Property, Plant & Equipment	71.19	69.71	60.12	72.52	64.27	67.52
Long-Term Investments	26.9	27.5	58.23	51.46	56.52	57.84
Other Long-Term Assets	16.41	16.41	16.63	14.76	13.84	13.49
Total Assets	169.81	167.97	187.7	192.9	194.63	209.96
Accounts Payable	56.77	56.4	66.41	32.33	29.18	29.54
Accrued Expenses	-	-	-	6.06	5.85	7.61
Short-Term Debt	0.02	-	0.02	1	0.93	0.94
Current Portion of Long-Term Debt	17.84	16.79	12.88	28.09	48.81	49.82
Current Portion of Leases	2.52	2.47	2.98	4.59	4.59	1.93
Other Current Liabilities	-	-	-	8.83	0.65	0.78
Total Current Liabilities	77.14	75.66	82.29	80.89	90.01	90.63
Long-Term Debt	50.71	48.6	56.15	49.15	47.79	59.55
Long-Term Leases	13.52	14.16	1.35	8.9	13.45	9.45
Other Long-Term Liabilities	19.02	18.96	22.78	13.79	4.74	4.8
Total Liabilities	160.38	157.37	162.57	152.73	155.99	164.44
Common Stock	27.75	27.75	27.75	27.75	27.75	27.75
Additional Paid-In Capital	0.01	0.01	8.88	8.88	26.01	26.01
Retained Earnings	-18.43	-17.27	-10.93	3.85	-15.02	-8.41
Treasury Stock	-0.01	-0.01	-0.19	-0.19	-0.19	-0.18
Comprehensive Income & Other	-0.7	-0.7	-1.24	-1.11	-0.6	-0.53
Total Common Equity	8.62	9.78	24.27	39.19	37.95	44.63
Minority Interest	0.8	0.82	0.85	0.99	0.7	0.9
Shareholders' Equity	9.42	10.6	25.12	40.17	38.65	45.53
Total Liabilities & Equity	169.81	167.97	187.7	192.9	194.63	209.96
Total Debt	84.6	82.01	73.38	91.73	115.56	121.7
Net Cash (Debt)	-78.11	-75.65	-67.35	-82.11	-103.03	-107.16
Net Cash Per Share	-0.28	-0.27	-0.24	-0.30	-0.37	-0.39
Filing Date Shares Outstanding	275.48	277.39	275.4	275.4	275.4	275.5
Total Common Shares Outstanding	275.48	277.39	275.4	275.4	275.4	275.5
Working Capital	-21.83	-21.31	-29.58	-26.72	-30.01	-19.51
Book Value Per Share	0.03	0.04	0.09	0.14	0.14	0.16
Tangible Book Value	8.62	9.78	24.27	39.19	37.95	44.63
Tangible Book Value Per Share	0.03	0.04	0.09	0.14	0.14	0.16
Buildings	-	11.85	8.88	8.88	8.88	8.88
Machinery	-	122.65	124.72	126.67	115.99	131.49
Construction In Progress	-	-	0.16	0.16	0.11	0.11

Source: S&P Global Market Intelligence. Standard template. Financial Sources.